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Close:
TRIANGLE DESCENDANT
GBP/JPY 1H
It looks like a descending triangle is close to being done, the price is ready to break out now.
A descending triangle typically results in a bullish price action if price breaks out.
A move towards 215.6 looks likely.
RECTANGLE
USD/JPY
1H
There is a rectangle occuring, usdjpy asks for a bigger move as evidence of a breakout.
A rectangle identifies that the price to go short in case if price breaks below support.
Usdjpy to slide towards the 159.3 mark on a break below 159.38 as usdjpy becomes capped.
CANAL DESCENDANT
GBP/USD
1H
There is a descending channel recognized, the price is about to break out now.
A descending channel often spots a temporary interruption of an existing trend when price breaks above resistance.
A further bullish price action towards 1.352 is on the way as bullish momentum increases.
CANAL ASCENDANT
USD/CAD 1H
An ascending channel has been diagnosed and the price breaks out.
An ascending channel is a compelling formation that is angled up that spots a bearish price move once price breakdown occurs.
Usdcad to nosedive towards 1.367 once below 1.368.
CANAL ASCENDANT
USD/CHF
1H
The price completes an ascending channel, the price is about to break out soon.
An ascending channel describes a compelling bearish pattern with an upward bias that can be used to signal the more likely potential of falling prices if price collapses through the support line.
Decline to the 0.785 level is on the way while below 0.7854.
CANAL DESCENDANT
NZD/USD 1H
We can see that a descending channel is close to being done.
A descending channel can be thought of as a compelling bullish formation that typically predicts a change in price direction when price breaks out.
Nzdusd to enjoy a considerable gain to 0.588 on a upside break.
TRIANGLE DESCENDANT
AUD/USD
4H
It seems like the price gives a descending triangle, the price demands a further steady move as an information of a breakout.
In case if price breaks through the resistance, the resulting move could identify extending an uptrend.
There is a probability of a bullish push up towards 0.716 on a breach of 0.714.
CANAL DESCENDANT
EUR/USD
1H
A descending channel has been determined and eurusd needs a more move to confirm descending channel breakout.
A descending channel identifies a reliable formation that can be used to indicate a downward trend is nearing its end in case if price breaks above resistance.
Eurusd to peak to 1.172.
CANAL ASCENDANT
USD/JPY
1H
As we can see an ascending channel is exposed, the price demands a further strong move for the certainty of breakout.
An ascending channel typically predicts price reversal after a pause if price breaks down.
Usdjpy to push down to 159.4.
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